Bosch Limited has informed the Exchange regarding a press release dated May 21, 2026, titled "Press Release for the Joint Venture between Bosch Limited, Brakes India Private Limited and Wheels India Limited".
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Bosch Limited has announced a 50:50 joint venture with Brakes India Private Limited and Wheels India Limited (TSF Group) to develop air systems for commercial vehicles. The new entity will engineer, manufacture and sell electronically controlled modules for air compression, air processing, air suspension and air parking brakes. The boards of all four companies have approved the transaction. Operations are expected to commence by end of 2026 pending regulatory clearances, with the registered office located in Chennai. The partnership combines Bosch's global technology leadership with TSF Group's expertise in pneumatic braking and air suspension systems.
This joint venture strengthens Bosch's commercial vehicle portfolio by leveraging complementary capabilities in pneumatic systems. For shareholders, it signals strategic expansion into software-driven mobility components with established partners, potentially opening new revenue streams in the growing e-enabled commercial vehicle segment.